Share this article
Mt. Gox Rehabilitation Plan Worth Billions in Compensation Approved; Finalization to Follow
Creditors should be able to register to receive their funds once the plan is finalized next month.
Updated May 11, 2023, 4:06 p.m. Published Oct 20, 2021, 9:17 p.m.
The end of a long journey is finally in sight for the thousands of creditors who lost billions in funds in the infamous Mt. Gox hack.
In that hack, more than 600,000 bitcoins were siphoned off between 2011 and 2013, forcing the cryptocurrency exchange into bankruptcy in 2014.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Rehabilitation Trustee Nobuaki Kobayashi issued a statement Wednesday acknowledging the plan to reimburse victims has been accepted by the requisite number of voting participants.
- The Civil Rehabilitation plan was first proposed in February. It laid out a scheme by which victims would be at least partially compensated for funds lost in the hack.
- Creditors were able to vote on the proposal between May 31 and Oct. 8. At least 50% of eligible voting shares needed to be cast in favor of the proposal for it to pass.
- According to today’s statement, “approximately 99% of the voting rehabilitation creditors voted for the Draft Rehabilitation Plan, and approximately 83% of the total amount of voting rights was exercised in favor of the Draft Rehabilitation Plan.”
- The plan will be finalized on Nov. 20 and creditors will be able to take further steps to finally receive their funds.
- Kobayashi expressed “sincere gratitude to all involved parties for their understanding and support, which led to the approval of the Draft Rehabilitation Plan by a large majority of rehabilitation creditors and the confirmation order of the Rehabilitation Plan.”
Read more: Mt. Gox Voting Deadline for Creditors Ends
UPDATE (Oct. 20 21:54 UTC): Adds background in the second paragraph and link to statement in the third paragraph.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bhutan Debuts TER Gold-Backed Token on Solana
The Himalayan kingdom introduced TER, a Solana-based token backed by physical gold and issued through Gelephu Mindfulness City.
What to know:
- Bhutan introduced TER, a sovereign-supported gold-backed token issued via Gelephu Mindfulness City and custodied by DK Bank, offering a blockchain-based representation of physical gold.
- The token runs on Solana, giving international investors digital portability and on-chain transparency while mimicking the experience of traditional gold purchases.
- TER follows Kyrgyzstan’s USDKG launch, highlighting a growing trend of smaller nations issuing asset-backed digital currencies tied to audited reserves as part of broader economic and technological strategies.
Top Stories
